Home > Tony's Time > Tony’s Time: The One Where I Talk About Analysts

Tony’s Time: The One Where I Talk About Analysts

There comes a time when you have to decide whether you respect a person for their opinion or if you believe they’re just talking to hear themselves talk. That time has come with Michael Pachter. I used to really respect his opinions and would read the things he had to say because he seemed to have insider info that we just don’t get. That may still be the case, but I think more and more you’re hearing things from him just to hear him talk. Lately it also seems like he’s trying to hid the fact that he’s been wrong about Nintendo more and more.

His job is that of an analyst. He takes the information that he has and makes general predictions and analyzes, for lack of a better word, the information that he has. Basically he is supposed to translate sales data and give it to us in layman’s terms. Most of the time we don’t really need that type of talking down to. He’s also using clever remarks to hide the fact that he’s been wrong a number of times. Now granted, when you do this for a living sometimes you’re going to get it wrong.

For instance, recently he said that Netflix on the Wii would be less successful than the HD counterparts to the service, mainly because of the lack of HD and the need to have a disc in the drive to run it. Because of this he expected 300-400 thousand new customers for 2010 on the service. The facts point to something different. In the first 3-4 weeks that the service was available there were more than 900,000 people who participated in the service. Now, granted, that doesn’t say new users it just says people that participated in the service. There’s no real numbers as to how many of those people were already subscribers and how many are new, but that’s a lot larger than the four-hundred thousand that he initially said.

The biggest point of news that he’s been touting is that there will be an announcement or even release of an HD Wii in 2010. He says that Nintendo needs to update their console in order to stay competitive. Well, monthly sales data continues to prove him wrong. Consistently month after month Wii outsells the PS3 and the 360, many times combined. The numbers are lower than the same period last year, but they’re still higher than the competition. I don’t see how that shows that the Wii needs to do something else to be competitive. Now because Nintendo is not showing off any new hardware, outside of the 3DS he has changed his tune to something different. Rather than saying that Nintendo needs to do something he hides behind jokes.  “There is a Wii HD in 2010, it’s just called PS3 with Move.” That just smacks of someone who’s trying to cover up that he’s been blowing smoke up people’s butts.

I used to listen to him all the time, he had a lot of very interesting things to say. It was intelligent talk of competition, mostly between Sony and Microsoft. Nintendo has proven this generation that they know what they’re doing. They’re putting out more and more million selling pieces of software. The systems, both console and handheld, continue to dominate the charts, and people are interested in Nintendo after a couple generations of things being soft for them. So many people, after almost four years, still can’t seem to come to grips with the fact that Nintendo is doing well. They counted them out in the beginning and still don’t want to look the facts in the eye.

I respect the man. I think it’s great to get paid to do what he does. More and more often, though, I think he’s wrong and he doesn’t want to give all three companies the respect they deserve. All three platform holders are doing something to help gaming. I have my opinions on which ones I think are doing more and which ones are latching onto proven technology and you can probably guess how I feel. From now on I’ll take everything Michael Pachter says with a grain of salt.

  1. THANK YOU
    May 11, 2010 at 4:30 pm | #1

    You are very right my man, and it’s about time someone took notice of this guy’s actions. He’s usually wrong, he pulls facts out of his ass, and he never wants to admit that he does any of it! He should be fired. I would be fired if I repeatedly did my job wrong, and so would anyone else. Why not him?

  2. Super_Pickle
    May 11, 2010 at 4:49 pm | #2

    He doesn’t get kept because he is correct all the time. He gets paid because he brings in a massive amount of publicity from his statements. If you had someone who could magically bring tons of people from a targeted audience to your site, wouldn’t you keep him? Even if the people going to your site hate his guts for bashing nintendo, you can rake in the cash with nintendo advertising.

  3. Robert
    May 11, 2010 at 6:01 pm | #3

    Patcher has been a PS3 fanboy for quite some time, and the success of the Wii hasn’t caused him to re-evaluate his analytical skills. Dig up some of his predictions of how the XBox 360/PS3/Wii markets will end up from 2006 and 2007 for some hilarious-in-hindsight moments.

    –R.J.

  4. Bobob
    May 11, 2010 at 6:18 pm | #4

    Pachter on WOW:

    “Warcraft is so good and so good-looking that it got this immediate attraction; everybody who would ever consider playing an online game said, ‘This is the one. I gotta try it.’ And what’ll happen is inevitably, like the health club model, after you pay your 30 bucks a month for 3 or 4 months and you only go once a week, you realize it’s not worth it and you split. That’s what will happen with Warcraft … I think it’s going to roll back to a million. I’m not predicting it’s going to happen in three weeks; I’d guess it has a half-life of 6 months to a year.”

    “I don’t think there are four million people in the world who really want to play online games every month. World of Warcraft is such an exception. I frankly think it’s the buzz factor, and eventually it will come back to the mean, maybe a million subscribers. It may continue to grow in China but not in Europe or the U.S. We don’t need the imaginary outlet to feel a sense of accomplishment here. It just doesn’t work in the U.S. It just doesn’t make any sense.” (1) “At the end of the day, we don’t play games for social interaction … We play games to escape.”

    Pachter on PS3:

    “PS3 will command the greatest market share for the next generation.”

    “Notwithstanding the efforts of the three console manufacturers to deliver compelling exclusive content, we expect the ultimate outcome of the console wars to be decided by the motion picture studios.”

    “We expect the dominant console at the end of the next cycle to be Sony PlayStation 3, primarily due to our assessment that Sony will win the high definition DVD format war.”

    Pachter on DSLite:

    “I did not expect the DS Lite to be a phenomenon that it is,” Pachter conceded. “I thought that it would be like a replacement device, as opposed to something people thought was really cool. Much like the Game Boy Micro was just a replacement device, and never really did much. … It’s not that much different. I mean, I guess I need to take a tape measurer out and measure it. … I don’t even know how much less it weighs. It’s not that much of a difference. Yes, it does fit in your pocket. … They took it from being a little bulky to checkbook-size.”

    “It shocked me, when [the NPD] said the numbers. I was shocked at what the sell-through was two months in a row. … But I just… I don’t know. I mean I was shocked that it sold essentially a million units in two months. So, that alone is responsible for my increase in forecasts on the DS,”

    Pachter on Sony’s E3 2006 (599 US dollars):

    “I can’t really recall seeing anything that was ‘bad’ or ‘unfortunate,’”

    “I don’t think things are bad for Sony at all. The press really got this wrong”

    Yeah, he’s a complete idiot.

  5. THANK YOU
    May 11, 2010 at 9:56 pm | #5

    I see. Well, I’m gonna get me an Analyst job. See if my predictions are as good as his.

    I predict that Sony will put out a new system within the next five minutes, there will never be another Xbox sold in the universe EVER, and that Nintendo will cease to exits.

    I Can Haz Jobzes Nao?

  6. May 12, 2010 at 12:07 am | #6

    I’ve often wondered how analysts “analyze”.
    You know my previous thoughts on Pachter.

    One reason Pachter is a paid analyst, and we aren’t, I think are pieces of paper called college degrees.

  1. May 11, 2010 at 3:59 pm | #1

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